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Skillz (Skillz) Receivables Turnover : 4.57 (As of Mar. 2024)


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What is Skillz Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Skillz's Revenue for the three months ended in Mar. 2024 was $25.2 Mil. Skillz's average Accounts Receivable for the three months ended in Mar. 2024 was $5.5 Mil. Hence, Skillz's Receivables Turnover for the three months ended in Mar. 2024 was 4.57.


Skillz Receivables Turnover Historical Data

The historical data trend for Skillz's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Skillz Receivables Turnover Chart

Skillz Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial - - 29.77 27.04 22.88

Skillz Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.31 4.18 3.85 3.83 4.57

Competitive Comparison of Skillz's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Skillz's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Skillz's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Skillz's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Skillz's Receivables Turnover falls into.



Skillz Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Skillz's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=150.113 / ((7.177 + 5.942) / 2 )
=150.113 / 6.5595
=22.88

Skillz's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=25.235 / ((5.942 + 5.096) / 2 )
=25.235 / 5.519
=4.57

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Skillz  (NYSE:SKLZ) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Skillz Receivables Turnover Related Terms

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Skillz (Skillz) Business Description

Traded in Other Exchanges
Address
P.O. Box 445, San francisco, CA, USA, 94104
Skillz Inc is a mobile game development company. It is engaged in re-inventing competitive mobile gaming and thereby expanding the mobile gaming market.
Executives
Jason Roswig officer: President & CFO PO BOX 445, SAN FRANCISCO CA 94104
Andrew Paradise director, officer: Chief Executive Officer SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445
Andrew Dahlinghaus officer: General Counsel P.O. BOX 445, SAN FRANCISCO CA 94104
Kevin Chessen director 1061 MARKET STREET, 6TH FLOOR, SAN FRANCISCO CA 94103
Elly Ryu officer: Controller/Head of Accounting 245 FIRST STREET, SUITE 1800, CAMBRIDGE MA 02142
Alvin Lobo officer: Chief Financial Officer P.O. BOX 445, SAN FRANCISCO CA 94104
Alexander Mandel director 1061 MARKET STREET, 6TH FLOOR, SAN FRANCISCO CA 94103
Stanley Mbugua officer: Chief Accounting Officer SKILLZ INC, PO BOX 455, SAN FRAN CA 94104
Seth Schorr director PO BOX 445, SAN FRANCISCO CA 94104
Henry M. Hoffman director PO BOX 445, SAN FRANCISCO CA 94104
Shari Glazer director PO BOX 445, SAN FRANCISCO CA 94104
Harry Sloan director, 10 percent owner, officer: CEO, Chairman 1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Jerome Leon Bruckheimer director PHILPOTT MEEKS, 10030 VENTURA BOULEVARD, SUITE 380, ENCINO CA 91436
Christopher S Gaffney director C/O GREAT HILL PARTNERS, L.P., 200 CLARENDON STREET, 29TH FLOOR, BOSTON MA 02116
Casey Chafkin director, officer: Chief Revenue Officer SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445